Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p
Author: admin (Infratructure Today)
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IPA suggests govt support to port development projects
Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p
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Jet, IndiGo slash air travel fares by 30-50%
Airlines are now striving to woo travellers. On February 19, Jet Airways and IndiGo slashed airfares. Jet is offering 20 lakh seats from Rs 2,250 onwards. These seats can be booked till midnight of February 24 for travel till December 31. IndiGo slashed fares on select routes by about 30 per cent.
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Ministry for restricted price pooling of coal
Reports suggest that the union coal ministry may restrict the proposed coal price pooling mechanism only to power projects getting commissioned after March 2009. In a note forwarded to the Cabinet Committee on Economic Affairs (CCEA), the coal ministry has proposed the limited application policy for price pooling. The CCEA had
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49% FDI in civil aviation not substantial, says PwC, FICCI
Norms relaxation of Foreign Direct Investment (FDI) in civil aviation will not result in substantial increase in investment in the sector, states a report by PricewaterhouseCoopers (PwC) and Federation of Indian Chambers of Commerce and Industry (FICCI).
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ONGC drills well in east coast
On January 23, the ultradeep water drillship DDKG1 spudded well NA7-1 in exploratory block KG-DWN-2004/1 in east coast India at a water depth of 3165 metre (10,385 feet), state-owned Oil and Natural Gas Corp (ONGC) informed. With this, ONGC set a world record for drilling well in deepest water depth by an offshore drilling rig, the firm said in a statement
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Himachal’s plea to World Bank over delayed road project
For building the much delayed 80-km Theog-Hatkoti road in Shimla area, the Himachal Pradesh government has requested the World Bank to allow it to invite fresh global tenders. The State dumped Longijian Road and Construction company of China for slow work on the Rs 226-crore project. The road was to be completed in 2013. Only 20 per cent of the work is completed till now.
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Himachal’s plea to World Bank over delayed road project
For building the much delayed 80-km Theog-Hatkoti road in Shimla area, the Himachal Pradesh government has requested the World Bank to allow it to invite fresh global tenders. The State dumped Longijian Road and Construction company of China for slow work on the Rs 226-crore project. The road was to be completed in 2013. Only 20 per cent of the work is completed till now.
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NMDC seeks equity partner for 3 mn t steel project
Public sector iron ore miner NMDC, which plans to set up a 3 million tonne (mn t) steel plant at Nagarnar in Chhattisgarh, is looking out for an equity partner for the project. The project reportedly faces delay because NMDC whose core competency lies in iron ore mining could not proceed owing to unavailability of a steel maker as a part
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NMDC seeks equity partner for 3 mn t steel project
Public sector iron ore miner NMDC, which plans to set up a 3 million tonne (mn t) steel plant at Nagarnar in Chhattisgarh, is looking out for an equity partner for the project. The project reportedly faces delay because NMDC whose core competency lies in iron ore mining could not proceed owing to unavailability of a steel maker as a part